This Week in Fintech (3/20)

This Week in Fintech (3/20)

Hello Fintech Friends,

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Please find another week of fintech exits below.

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☯️ Exits

💻 IPOs & SPACs

  • GoTo Group, the Indonesian owner of the superapp formed by Gojek and Tokopedia’s mega-merger, filed for a $1.1 billion IPO at a $28 billion valuation.
  • Navi Technologies, an Indian provider of insurance and lending products, filed for a $440 million IPO.

🤝 M&A - Fintech

  • Crypto giant Binance signed an MOU to purchase Brazilian securities brokerage Sim;paul Investimentos.
  • Fair Technologies, an auto leasing company, was acquired by used car purchasing company Shift.

🏦 M&A - Bank and FinServ

  • Alliance Bernstein, a private equity firm, will acquire CarVal Investors, an alternative investment manager, for $750 million up-front.
  • CoinShares, a digital asset investment firm, acquired a 20% stake in global markets trading bank FlowBank for $26.5 million.
  • HSBC bank sold off its 15-branch Greek retail banking operation to Greek lender Pancreta Bank.
  • JP Morgan agreed to acquire Global Shares, an Irish provider of share plan management software.
  • Gen II Fund Services, a fund administrator in the alternative investment space, acquired investment management software builder Update Capital
  • Private equity giant Blackstone is considering an investment of up to $3 billion in commodities trader Trafigura.

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🌎 Fintech Around the World

‘Their weapon is your shame’: toxic abuse from Nigeria’s loan sharks

Africa’s tech media are plotting to be as influential as the startups they cover

Tiger Global is earning its stripes in Africa

African startup CEOs that study abroad raise more VC money than those at home

Fintech Leaps Forward In Latin America

📚 Deeper Reads

Why Non-USD Stablecoins Will Matter for the Future of Crypto

Insights: What makes partnerships work?

Payments are eating the world

Two injured kittens adopted by rescuer after life-saving surgery

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